Buying a Condo in Bangkok

I’m reading in the Bangkok Post newspaper dated November 27, 2012 and it says that condo investments in Greater Bangkok are a good buy and that prices are rising due mostly because of a labor shortage for new construction. I read that in central Bangkok, average prices for new condos are about 110,000 Thai Baht per square meter. If my math is correct, this translates into about $332 USD per square foot. Newspapers say that the average take up rate (sales run rate) for new projects is about 84%. Sounds pretty good to me. Now that the Skytrain has crossed the Chao Phraya River, condo action is busy in the outer city areas where selling prices are about 45,000 Thai Baht per square meter or about $150 USD per square foot. If you want to translate square feet into square meters just multiply your square feet by a factor of 0.092903. So, a 1,000 square foot condo equals 92.9 square meters. In the hot urban areas along Sukhumvit or Sathorn, you will see selling price of about $332 per square foot. Personally, I would not expect to buy a condo and be able to resell for a profit. There are rules about the percentage ownership in every condo building, which means that each condo tower can only have a 50% foreign ownership rate. Thai’s must own at least half of the units in any given building.

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Robert is the founder of TravelThailandToday.com and a passionate and frequent visitor to Thailand. When he first visited Thailand in 1988, he knew that its warm culture and incredible scenery would be a recurring theme in his life. He started TravelThailandToday in an attempt to share his knowledge of the country and its incredible places through tours and one-of-a-kind hotels and resorts. You can find Robert on

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